Novare Capital Management LLC Cuts Stock Holdings in AMETEK, Inc. $AME

Novare Capital Management LLC decreased its position in AMETEK, Inc. (NYSE:AME) by 5.3% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 66,426 shares of the technology company’s stock after selling 3,742 shares during the period. AMETEK comprises 1.1% of Novare Capital Management LLC’s investment portfolio, making the stock its 25th biggest position. Novare Capital Management LLC’s holdings in AMETEK were worth $14,239,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of AME. Norges Bank purchased a new position in AMETEK during the fourth quarter worth approximately $831,372,000. Wellington Management Group LLP raised its stake in shares of AMETEK by 302.9% during the 4th quarter. Wellington Management Group LLP now owns 2,807,664 shares of the technology company’s stock worth $576,441,000 after buying an additional 2,110,818 shares during the period. Balyasny Asset Management L.P. raised its stake in shares of AMETEK by 539.2% during the 4th quarter. Balyasny Asset Management L.P. now owns 1,070,555 shares of the technology company’s stock worth $219,796,000 after buying an additional 903,061 shares during the period. Nordea Investment Management AB lifted its position in shares of AMETEK by 825.0% during the 4th quarter. Nordea Investment Management AB now owns 852,585 shares of the technology company’s stock valued at $176,153,000 after buying an additional 760,410 shares in the last quarter. Finally, Lazard Asset Management LLC grew its stake in AMETEK by 35.7% in the 3rd quarter. Lazard Asset Management LLC now owns 2,645,977 shares of the technology company’s stock valued at $497,444,000 after acquiring an additional 695,419 shares during the period. Institutional investors and hedge funds own 87.43% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Citigroup assumed coverage on shares of AMETEK in a research report on Monday, June 15th. They set a “neutral” rating and a $257.00 price objective for the company. BMO Capital Markets assumed coverage on shares of AMETEK in a research report on Friday, March 27th. They issued an “outperform” rating and a $253.00 target price on the stock. Weiss Ratings downgraded shares of AMETEK from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, June 11th. DA Davidson reaffirmed a “buy” rating and issued a $265.00 price target on shares of AMETEK in a research note on Monday, May 4th. Finally, Royal Bank Of Canada lifted their price objective on AMETEK from $259.00 to $260.00 and gave the stock an “outperform” rating in a report on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, AMETEK has an average rating of “Moderate Buy” and a consensus price target of $253.57.

AMETEK Price Performance

Shares of NYSE AME opened at $241.41 on Tuesday. The firm has a 50-day simple moving average of $230.39 and a 200-day simple moving average of $222.17. The company has a quick ratio of 0.72, a current ratio of 1.14 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $55.33 billion, a price-to-earnings ratio of 36.47, a price-to-earnings-growth ratio of 3.33 and a beta of 1.00. AMETEK, Inc. has a 52 week low of $174.43 and a 52 week high of $243.18.

AMETEK (NYSE:AME) last announced its quarterly earnings data on Thursday, April 30th. The technology company reported $1.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.90 by $0.07. The company had revenue of $1.93 billion during the quarter, compared to analysts’ expectations of $1.91 billion. AMETEK had a net margin of 20.11% and a return on equity of 16.63%. AMETEK’s revenue was up 11.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.75 EPS. AMETEK has set its FY 2026 guidance at 7.940-8.140 EPS and its Q2 2026 guidance at 1.960-2.000 EPS. On average, equities analysts predict that AMETEK, Inc. will post 8.13 earnings per share for the current fiscal year.

AMETEK Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be given a $0.34 dividend. The ex-dividend date is Monday, June 15th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.6%. AMETEK’s dividend payout ratio is 20.54%.

AMETEK Company Profile

AMETEK, Inc is a global manufacturer of electronic instruments and electromechanical devices that serves a broad range of industries. Headquartered in Berwyn, Pennsylvania, the company designs and produces precision instruments, electronic measurement devices, specialty sensors, and electric motors and motion control systems. Its product portfolio includes analytical and monitoring instruments, calibration equipment, power supplies, embedded electronics, and industrial motors and drives used for critical applications.

The company operates through two primary business platforms — an electronic instruments group focused on analytical, test and measurement and sensor products, and an electromechanical group that supplies motors, actuators, and related power and motion solutions.